Oklahoma City-based Blueknight Energy Partners L.P. plans to make a presentation this week at the Master Limited Partnership Association’s 2016 MLP Investor conference in Orlando, Florida. Mark Hurley, Chief Executive Officer, Brian Melton, Vice-President of Business Development and Alex Stallings, Chief Financial Officer will make the presentation at 11 a.m. Eastern Time on Thursday, June …
The Oklahoma Independent Petroleum Association will hold its 2016 Annual Meeting at the Four Seasons Resort in Las Colinas, Texas on June 10-13. Touted as “one of the largest conferences hosted by a statewide oil and natural gas association in the nation,” the OIPA meeting will feature discussions on legislative updates, shale, natural gas and …
The U.S. rig count remained unchanged at 404, according to the Baker Hughes weekly rig count released on Friday. Leading the pack with the largest gain in North America, Oklahoma added two rigs last week, bringing the cumulative number of active rigs to 59. A year ago, Oklahoma had 106 rigs. Louisiana gained one rig …
Oil futures closed out Friday on a lower note but continued to show a third-straight weekly gain, according to Bloomberg MarketWatch. July West Texas Intermediate crude slipped 15 cents, or 0.3%, to settle at $49.33 a barrel on Friday’s New York Mercantile Exchange. For the week, prices finished up roughly 1.9% based on the most …
Striking back against its antagonistic merger partner, Dallas-based Energy Transfer Equity, L.P. announced on Thursday that it recently filed its affirmative defenses coupled with a counterclaim in the Delaware Chancery Court lawsuit originally brought by The Williams Companies, Inc. on May 13. In the Delaware action, ETE also seeks a declaratory judgment allowing the company …
Crude oil futures hit the key mark of $50 a barrel on Thursday before retreating lower as traders remained cautious due to global output concerns and excessive storage supplies, according to Bloomberg MarketWatch. For the first time since last July, West Texas Intermediate crude under the new July contract advanced to $50.21 a barrel before …
In what is considered ‘legal’ insider trading, University of Oklahoma President David Boren sold 5,000 shares this week he had as a board of director member at Continental Resources. The May 20 sale, according to The Market Digest showed Boren sold the shares at $41.10 a share for a total value of $205,502. The sale …
Even after losing more than $9 billion over a year and a half period, Oklahoma oilman Harold Hamm, the man who founded and still runs Continental Resources remains the richest man in Oklahoma. He is still sitting pretty as he manages his vast fortune and empire. Forbes reports the $9.4 billion lost over the past …
The U.S. Securities and Exchange Commission has granted approval to Williams Cos. of Tulsa to its Form S-4 document required for shareholders to be able to vote on the controversial proposed merger with Dallas-based Energy Transfer Equity. The approval came Wednesday in which the SEC ruled the form is “effective.” It is a document used …
A south central Kansas man has been indicted on charges of running a nearly $8 million oil and gas scheme and if he’s convicted could get up to 20 years in prison. Federal prosecutors in Wichita revealed the indictment this week against David Lawson of Hillsboro, Kansas. the 70-year old was the owner and director …
